BLB News

Asset Protection for Family Members Using Testamentary Discretionary Trusts

30/04/2013

A testamentary trust can offer significant benefits over a simple Will such as a greater level of protection for the beneficiary's inheritance.

The Financial Adviser as Fiduciary: the Two-Edged Sword

30/04/2013

This month we continue our review of the decision in Wingecarribee Shire Council v Lehman Brothers Australia Ltd (In Liq) [2012] by looking at the adviser's fiduciary obligations and the two-edged sword they became for the adviser.

A Win for Consumers: Calculating the FOS Jurisdiction Limit

30/04/2013

The Federal Court holds that the Financial Ombudsman Service (FOS) was correct in determining that a complainant had multiple claims, each one subject to the FOS compensation cap.

Out in Front by Miles: SMSFs the Black Caviar of DIY

30/04/2013

As at June 2012 there were 478,263 Self Managed Superannuation Funds according to the Annual Superannuation Bulletin released by the Australia Prudential Regulation Authority. A significant amount particularly when compared to the number of Small APRA Funds which at the same time numbered only 3,201.

Life's Too Short

30/04/2013

An overweight business associate of mine...